You only have two weeks to use your gift cards. paperchase Tesco Watford
Staff could lose their jobs as another retailer looks set to close its stores.Paperchase’s brand and intellectual property are part of the deal but not the stationery chain’s 106 stores and workforce.It means shop workers are likely to face redundancy.
Tesco managing director of home and clothing Jan Marchant said he is proud to bring Paperchase into its stores.Teachers’ strike tomorrow to impact ‘most’ Herts schools Paperchase said it will continue to honour gift cards in the short-term but stressed it will “not be possible” to redeem these after two weeks.
Today’s announcement came only hours after Paperchase revealed it had fallen into administration as it had failed to find any buyers for the business. It was revealed on January 8 that Begbies Traynor Group and PwC had been hired to assess options for the company, including a sale.
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